By Peter Mulford, Executive Vice President, BTS
Does your organization have the managerial know-how to innovate? If so, do your managers know the behaviors they must change in order to cultivate a culture of innovation?
For most companies, in our experience, the answer is no. And the problem is neither a lack of resources nor of creativity itself, but of management capability—specifically, the capability to convert new ideas into value creation. The good news is that building innovation capability is not easy, but it can be done. Here’s how.